quiz 1 - Quiz 1 Fall 08 Student: _ 1. The primary goal of...

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Quiz 1 Fall 08 Student: ___________________________________________________________________________ 1. The primary goal of financial management is to: A. maximize product market share. m B. maintain steady growth in both sales and net earnings. g C. minimize operational costs and maximize firm efficiency. m D. maximize the current value per share of the existing stock. t E. avoid financial distress. 2. When one shareholder sells stock directly to another the transaction is said to occur in the: A. dealer market. d B. primary market. p C. secondary market. s D. OTC market. O E. NASDAQ market. 3. Which of the following are advantages of the corporate form of business ownership? W I. limited liability for firm debt f II. double taxation I III. ability to raise capital I IV. unlimited firm life A. I and II only I B. III and IV only I C. I, II, and III only I D. II, III, and IV only I E. I, III, and IV only 4. One year ago, you purchased a share of Winston, Inc. stock at a price of $54.90 a share. The company pays annual dividends of $1 a share. Today, you sold your share for $49.30 a share. What is your total percentage return on this investment? A. -10.2 percent
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quiz 1 - Quiz 1 Fall 08 Student: _ 1. The primary goal of...

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